Is Federated Hermes Premier Municipal Income Fund overvalued?

Federated Hermes Premier Municipal Income Fund (FMN) looks undervalued — trading about 222% below its fair value.

Undervalued

Price

$11.49

Fair value

$36.98

Current P/E

5.8

Normal P/E

18.8

Market cap

$89.8M

Dividend yield

4.5%

Return on equity

0.9%

Sector

Financial Services

Fair value compares FMN's current P/E to its own historical "normal" P/E (FAST Graphs-style). Updated 1 Jul 2026.

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